MicroVision Receives $3.5 Million Order for its PicoP Display Engine

ESPlus Co. Ltd launches its PicoP-enabled media player today

Press Release Source: MicroVision, Inc. On Wednesday October 12, 2011, 9:00 am EDT

REDMOND, Wash.--(BUSINESS WIRE)-- MicroVision, Inc. (NASDAQ:MVIS - News), the leader in innovative ultra-miniature projection display technology, announced today that it has received a $3.5 million follow-on order for its current-generation PicoP® laser projection display engine from ESPlus Company Ltd., a Korean consumer electronics manufacturer. The order is scheduled for shipment during the fourth quarter of 2011.

An earlier order of approximately $500,000 was delivered in the third quarter to support initial production of the customer’s mobile media player released this week at the Korea Electronics Show. ESPlus has stated that its plans are to fulfill existing customer orders during the fourth quarter of this year and place additional orders for PicoP engines in future quarters.

“We are pleased to support ESPlus’ exciting go-to-market and roadmap plans which are expected to utilize both the current and future generations of our PicoP laser display engines,” said Alexander Tokman, president and CEO of MicroVision. “This order supports one of our three primary goals for 2011 -- to increase year-over-year revenue.”

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